West Virginia Mortgage Licensing

West Virginia Mortgage Licensing

Mortgage Banker

Mortgage Banker License

Physical In-State Office Required: No
Qualifying Individual: No
Minimum Net Worth: $250,000 (Audited)
Surety Bond: $100,000 for licensees with West Virginia annual loan origination’s of $0 to $3 million, $150,000 for West Virginia annual loan origination’s greater than $3 million and up to $10 million, and $250,000 for West Virginia annual loan origination’s over $10 million
Comments: Requires 1 WV LO to get company approved, or explanation of wholesale activity only, Does not allow brokering.

Contact Info

Disclosure

Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.